At the beginning of December it looked like the TSX was going to add a fourth month to the year end rally. Now we've had three days of slippage and dropped 114 points from Monday's high of 13,295. We're still up for the month but both gold and oil have backed off their earlier highs so it's not looking great for today.
On a positive note, RIM blew the doors off with their Q2 earnings report after the market closed yesterday. Other news, just out this morning, is BMO's acquisition of Marshall & Ilsley, a US regional bank, for $4.1 Billion.
I started this half an hour ago but decided to hold off posting to watch the opening. TSX has been both up and down a tick. RIM up 4.24%, BMO down 6.48%. Guess the market doesn't like BMO's all stock purchase which will water down the shares although, this may change as the day goes on and the numbers are further digested. Happy Friday!
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